Overview: In November 2020 VOLGA FEDERAL DISTRICT exported $2.47B and imported $1.27B, resulting in a positive trade balance of $1.2B. Between November 2019 and November 2020 the exports of VOLGA FEDERAL DISTRICT have decreased by $-911M (-27%) from $3.38B to $2.47B, while imports increased by $44.6M (3.66%) from $1.22B to $1.27B.
Trade: In November 2020, the top exports of VOLGA FEDERAL DISTRICT were Refined Petroleum ($374M), Commodities not elsewhere specified ($223M), Crude Petroleum ($189M), Potassic Fertilizers ($136M), and Synthetic Rubber ($102M). In November 2020 the top imports of VOLGA FEDERAL DISTRICT were Vehicle Parts ($149M), Other Heating Machinery ($43.2M), Combustion Engines ($29.2M), Packaged Medicaments ($22.8M), and Metal-Rolling Mills ($22.5M).
Destinations: In November 2020, VOLGA FEDERAL DISTRICT exported mostly to Belarus ($222M), Kazakhstan ($221M), Algeria ($211M), China ($171M), and Bangladesh ($147M), and imported mostly from China ($226M), Germany ($209M), Italy ($78M), Belarus ($71.1M), and United States ($59.9M).
Growth: In November 2020, the decrease in VOLGA FEDERAL DISTRICT's year-by-year exports was explained primarily by an decrease in exports to Poland ($-158M or -68.6%), Algeria ($-155M or -42.5%), and Netherlands ($-137M or -52.8%), and product exports decrease in Refined Petroleum ($-370M or -49.8%), Crude Petroleum ($-252M or -57.2%), and Commodities not elsewhere specified ($-105M or -32%). In November 2020, the increase in VOLGA FEDERAL DISTRICT's year-by-year imports was explained primarily by an increase in imports from China ($29.6M or 15.1%), South Korea ($25.1M or 100%), and Turkey ($21.4M or 67.7%), and product imports increase in Metal-Rolling Mills ($20.9M or 1.37k%), Vehicle Parts ($13.8M or 10.2%), and Combustion Engines ($8.01M or 37.9%).